{"product_id":"fundamentals-of-health-care-financial-management-isbn-9781118801680","title":"Fundamentals of Health Care Financial Management","description":"\u003cb\u003eLearn the essentials of finance theory and practice with the tools needed in day-to-day practice\u003c\/b\u003e  \u003cp\u003eIn this thoroughly revised and updated fourth edition of \u003ci\u003eFundamentals of Health Care Financial Management\u003c\/i\u003e, consultant and educator Steven Berger offers a practical step-by-step approach to understanding the fundamental theories and relationships guiding financial decisions in health care organization. Using cases set in a fictional mid-sized hospital, the book takes the reader into the inner workings of the finance executive's office.\u003c\/p\u003e \u003cp\u003eAs in the previous editions, this book introduces students to key practical concepts in fundamental areas of financial management. This innovative introduction to the most-used tools and techniques includes health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing.\u003c\/p\u003e \u003cp\u003eAlso covered in depth are the financial implications of Patient Protection and Affordable Care Act, which will increase patient volume, reduce bad debt, factor quality and patient satisfaction into the financial picture, and significantly affect how hospitals and physicians are paid for services.\u003c\/p\u003e \u003cp\u003eStudents focusing on the business side of health care will find \u003ci\u003eFundamentals of Health Care Financial Management: A Practical Guide to Fiscal Issues and Activities, 4\u003csup\u003eth\u003c\/sup\u003e Edition\u003c\/i\u003e a valuable text for understanding the workings of the health care financial system.\u003c\/p\u003e \u003cp\u003eFigures, Tables, and Exhibits vii\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eThe Author xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: January 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Health Care? 3\u003c\/p\u003e \u003cp\u003eWhat Is Management? 5\u003c\/p\u003e \u003cp\u003eWhat Is Financial Management? 6\u003c\/p\u003e \u003cp\u003eWhy Is Financial Management Important? 8\u003c\/p\u003e \u003cp\u003eRidgeland Heights Medical Center: The Primary Statistics 9\u003c\/p\u003e \u003cp\u003ePro Forma Development 13\u003c\/p\u003e \u003cp\u003eLiving with the Finance Committee and Board of Directors’ Calendar 19\u003c\/p\u003e \u003cp\u003eYear-End Closing 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: February 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting Principles and Practices 32\u003c\/p\u003e \u003cp\u003eObjectives of Financial Reporting 34\u003c\/p\u003e \u003cp\u003eBasic Accounting Concepts 35\u003c\/p\u003e \u003cp\u003eBasic Financial Statements of a Health Care Organization 36\u003c\/p\u003e \u003cp\u003eUses of Financial Information 37\u003c\/p\u003e \u003cp\u003eThe Financial Statements 39\u003c\/p\u003e \u003cp\u003ePreparing for the Auditors 52\u003c\/p\u003e \u003cp\u003eAnalysis of Sensitive Accounts 54\u003c\/p\u003e \u003cp\u003eFebruary Finance Committee Special Reports 56\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: March 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrategic Financial Planning: Five-Year Projections 63\u003c\/p\u003e \u003cp\u003eRHMC Strategic Financial Planning 67\u003c\/p\u003e \u003cp\u003eRatio Analysis 74\u003c\/p\u003e \u003cp\u003eThe Capital Plan and Its Relationship to the Strategic Plan 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: April 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMedicare and Medicaid Net Revenue Concepts 94\u003c\/p\u003e \u003cp\u003eCalculation of Medicare and Medicaid Contractual Adjustments 100\u003c\/p\u003e \u003cp\u003eImplications of the Balanced Budget Act of 1997 109\u003c\/p\u003e \u003cp\u003eImplications of the Medicare Modernization Act of 2003 115\u003c\/p\u003e \u003cp\u003eImplications of the Patient Protection and Affordable Care Act of 2010 (PPACA or ACA) 117\u003c\/p\u003e \u003cp\u003eManaged Care Net Revenue Concepts 131\u003c\/p\u003e \u003cp\u003ePreparation of the Medicare and Medicaid Cost Report 137\u003c\/p\u003e \u003cp\u003ePresentation of the Audited Financial Statements to the Finance Committee 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: May 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFundamentals of Revenue Cycle Management (RCM) 146\u003c\/p\u003e \u003cp\u003eCalculation of the Allowance for Doubtful Accounts and Bad-Debt Expense 165\u003c\/p\u003e \u003cp\u003eCalculation of the Allowance for Contractual Adjustments 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: June 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBudget Preparation: The Beginning 177\u003c\/p\u003e \u003cp\u003eBudget Calendar 177\u003c\/p\u003e \u003cp\u003eVolume Issues 185\u003c\/p\u003e \u003cp\u003eCapital Budgeting: June 190\u003c\/p\u003e \u003cp\u003eAccounting and Finance Department Responsibilities 195\u003c\/p\u003e \u003cp\u003eJune Finance Committee Special Agenda Items 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: July 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBudget Preparation: The Middle Months 204\u003c\/p\u003e \u003cp\u003eCapital Budgeting: July 221\u003c\/p\u003e \u003cp\u003eRegulatory and Legal Environment 223\u003c\/p\u003e \u003cp\u003eOther Regulatory and Business Compliance Issues 227\u003c\/p\u003e \u003cp\u003eCorporate Compliance 228\u003c\/p\u003e \u003cp\u003eAccreditation Issues 229\u003c\/p\u003e \u003cp\u003ePatient Satisfaction Issues 232\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: August 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Budget: August 236\u003c\/p\u003e \u003cp\u003eOperating Budget 246\u003c\/p\u003e \u003cp\u003eBudget Variance Analysis 249\u003c\/p\u003e \u003cp\u003eBudget Variance Parameters 252\u003c\/p\u003e \u003cp\u003eFlexible Budgeting 252\u003c\/p\u003e \u003cp\u003eAugust Finance Committee Special Agenda Items 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: September 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOperating Budget 265\u003c\/p\u003e \u003cp\u003eCapital Budget: September 275\u003c\/p\u003e \u003cp\u003eCash Budget 277\u003c\/p\u003e \u003cp\u003ePhysician Practice Management Issues 280\u003c\/p\u003e \u003cp\u003eCurrent Physician Practice Issues—2013 292\u003c\/p\u003e \u003cp\u003eAdditional Physician-Hospital Integration Issues 294\u003c\/p\u003e \u003cp\u003eMonthly Physician Reporting 295\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: October 299\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInformation Systems Implications for Health Care Financial Management 301\u003c\/p\u003e \u003cp\u003eInformation Technology Strategic Plan Initiatives 304\u003c\/p\u003e \u003cp\u003eHIPAA Implementation Issues 306\u003c\/p\u003e \u003cp\u003eSelection of a New Health Care Information System 310\u003c\/p\u003e \u003cp\u003eBudget Presentation to the Board Finance Committee 316\u003c\/p\u003e \u003cp\u003eOctober Finance Committee Special Agenda Items 328\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: November 331\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation of the Budget Results and Delivery to the Department Managers 333\u003c\/p\u003e \u003cp\u003eBudgeting and Spreading Contractual Adjustments by Department 337\u003c\/p\u003e \u003cp\u003eIssues Involving RHMC’s Cost Structure 340\u003c\/p\u003e \u003cp\u003eHow to Improve the Organization’s Cost Structure 344\u003c\/p\u003e \u003cp\u003eSupply Chain Management in Health Care 352\u003c\/p\u003e \u003cp\u003eBenefits of Tax Status for Health Care Organizations 356\u003c\/p\u003e \u003cp\u003ePreparation and Implications of the Annual IRS 990 Report 360\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: December 367\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting Ready for Year-End Reporting—Again 371\u003c\/p\u003e \u003cp\u003eOpen-Heart Surgery Pro Forma 371\u003c\/p\u003e \u003cp\u003eDecember Finance Committee Special Agenda Items 380\u003c\/p\u003e \u003cp\u003eLooking into the Future of Health Care Finance 383\u003c\/p\u003e \u003cp\u003eFuture Conclusions 397\u003c\/p\u003e \u003cp\u003eReferences 401\u003c\/p\u003e \u003cp\u003eIndex 407\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eSTEVEN BERGER,\u003c\/b\u003e CPA, is founder and president of Healthcare Insights, LLC, which specializes in health care and financial management training and consulting. Healthcare Insights has also created INSIGHTS, the health care industry’s best practice decision support software. He has nearly 30 years’ experience in the field and recently served a three-year term of membership on the Healthcare Financial Management Association (HFMA’s) National Board of Examiners.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eFundamentals of Health Care Financial Management, 4th Edition\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eFundamentals of Health Care Financial Management\u003c\/i\u003e reveals all the inner workings of health care finance departments in one basic text. In this revised fourth edition, Steven Berger uses his friendly, step-by-step approach to understanding the fundamental theories, tools, and techniques of health care financial management.\u003c\/p\u003e \u003cp\u003eAt its heart, \u003ci\u003eFundamentals of Health Care Financial Management\u003c\/i\u003e is a practical resource that will guide students through the complexities of health care finance, starting with the theoretical essentials and covering all the tools necessary in day-to-day operations, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e\u003cb\u003eHealth care accounting and basic financial statements necessary in health care organizations of varying sizes\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eMajor capital investments and strategic, long-term financial planning\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eHealth care organization tax status and year-end reporting\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eBudgeting and performance measurement\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eCalculating Medicare and Medicaid adjustments and making allowances for doubtful accounts\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eFinancial implications of the Affordable Care Act\u003c\/b\u003e\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUsing the case of a fictional mid-sized medical center to illustrate the crucial concepts and issues of health care financial management, this fully updated fourth edition of \u003ci\u003eFundamentals of Health Care Financial Management: A Practical Guide to Fiscal Issues and Activities\u003c\/i\u003e will help readers quickly understand and absorb the many financial decisions made in health care organizations.\u003c\/p\u003e","brand":"Jossey-Bass","offers":[{"title":"Default Title","offer_id":47989259763941,"sku":"NP9781118801680","price":92.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118801680.jpg?v=1761783414","url":"https:\/\/k12savings.com\/es\/products\/fundamentals-of-health-care-financial-management-isbn-9781118801680","provider":"K12savings","version":"1.0","type":"link"}